Redwood Family Wealth LLC Purchases Shares of 4,683 Invesco Dorsey Wright Momentum ETF $PDP

Redwood Family Wealth LLC purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,683 shares of the company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 15.8% during the third quarter. JPMorgan Chase & Co. now owns 104,226 shares of the company’s stock valued at $12,304,000 after buying an additional 14,194 shares during the last quarter. UBS Group AG raised its stake in Invesco Dorsey Wright Momentum ETF by 8.7% in the 4th quarter. UBS Group AG now owns 192,339 shares of the company’s stock worth $22,389,000 after acquiring an additional 15,323 shares during the last quarter. Millennium Capital Advisors LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $613,000. AlphaCore Capital LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $446,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Invesco Dorsey Wright Momentum ETF by 7,945.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock worth $29,265,000 after acquiring an additional 248,293 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Invesco Dorsey Wright Momentum ETF stock opened at $150.88 on Friday. The business’s 50-day simple moving average is $139.57 and its two-hundred day simple moving average is $128.50. The company has a market cap of $1.62 billion, a PE ratio of 28.67 and a beta of 1.17. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $104.31 and a fifty-two week high of $152.11.

About Invesco Dorsey Wright Momentum ETF

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.